REGISTERED NUMBER: 10741127 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

INDEPENDENT GROUNDWORKS SUPPLIES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L Beavon

D J O'Neill

P Williams

I J Melvin

REGISTERED OFFICE:

Highdown House

11 Highdown Road

Leamington Spa

Warwickshire

CV31 1XT

REGISTERED NUMBER:

10741127 (England and Wales)

FIXED ASSETS

Tangible assets

4

8,946

10,031

CURRENT ASSETS

Stocks

309,774

292,223

Debtors

5

2,242,354

1,860,919

Cash at bank and in hand

1,519,221

1,409,514

4,071,349

3,562,656

CREDITORS

Amounts falling due within one year

6

2,378,621

1,973,497

NET CURRENT ASSETS

1,692,728

1,589,159

TOTAL ASSETS LESS CURRENT LIABILITIES

1,701,674

1,599,190

CAPITAL AND RESERVES

Called up share capital

165,000

165,000

Capital redemption reserve

85,000

85,000

Retained earnings

1,451,674

1,349,190

1,701,674

1,599,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

D J O'Neill - Director

1.	STATUTORY INFORMATION

Independent Groundworks Supplies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery

-

25% on reducing balance

Fixtures & fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant &

Fixtures

machinery

& fittings

Totals

£

£

£

COST

At 1 September 2024

17,757

22,054

39,811

Additions

-

1,585

1,585

At 31 August 2025

17,757

23,639

41,396

DEPRECIATION

At 1 September 2024

12,591

17,189

29,780

Charge for year

1,292

1,378

2,670

At 31 August 2025

13,883

18,567

32,450

NET BOOK VALUE

At 31 August 2025

3,874

5,072

8,946

At 31 August 2024

5,166

4,865

10,031

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,218,000

1,832,929

Other debtors

24,354

27,990

2,242,354

1,860,919

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,879,078

1,501,755

Taxation and social security

298,142

270,544

Other creditors

201,401

201,198

2,378,621

1,973,497

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

55,000

55,000

Between one and five years

220,000

220,000

In more than five years

20,500

75,500

295,500

350,500

The operating lease commitments relate to Land and Buildings.

8.	SECURED DEBTS

A fixed and floating charge is held over the company and it's assets

9.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.